Price Trend
Business associations: MTBE market prices fell first and then rose this week (June 16-June 21)
According to data from business associations, MTBE’s price this weekend was 4600 yuan/ton, up 1.47% from the previous week’s price.
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II. Market Analysis
Products: Gasoline market prices fell first and then rose. Some operators started replenishment operations, and the domestic MTBE market improved somewhat during this period.
Industry chain: At present, domestic gasoline market liquidity has maintained a downturn, but in the middle of this week, supported by the surge in crude oil, market mindset has improved slightly, downstream replenishment willingness has increased, MTBE manufacturers’quotation has rebounded slightly under the improvement of shipment. MTBE market prices also rose this week from a decline.
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3. Future Market Forecast
MTBE product analysts from the Energy Branch of Business Association believe that the demand for gasoline has not improved yet, but MTBE manufacturers still have a lot of intention to push up, combined with the rising price of crude oil market, MTBE market prices are expected to rise steadily next week.